Ericsson to divest power modules business to Flex

Ericsson signed an agreement to divest its Ericsson Power Modules business to Flex. The transaction includes a manufacturing site in China and business assets in Sweden, with over 300 employees transferring to Flex. Expected to close in Q3 2017.

“Ericsson (NASDAQ:ERIC) has signed an agreement with multinational technology and Sketch-to-Scale(TM) solutions provider, Flex, to divest Ericsson Power Modules (EPM).”globenewswire.com

• 1 source
• globenewswire.comEricsson to divest its power modules business to FlexTelefonaktiebolaget LM EricssonJun 21, 2017

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